Authors

More than half of today’s S&P 500 constituents are expected to be replaced in the next decade as technological disruptors erode profit margins. Here we ask: how can long-term investors in the US market ensure that their returns are not diminished by disruption? The composition of the S&P 500 index is evolving rapidly. Today, a typical S&P 500-listed company survives on the index for an average of 18 years, compared to a life span of 61 years in 1958.